Plant and Machinery A/C 2022 Jan 1 Balance B/D 240,000 2022 March 31 Disposal 60,000...
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Plant and Machinery A/C 2022 Jan 1 Balance B/D 240,000 2022 March 31 Disposal 60,000 2022 Jan 30 Cash 160,000 2022 Dec 31 Balance C/D 340,000 400,000 400,000 2023 Jan 1 Balance B/D 340,000 The companys policy is to charge depreciation at 20% per year on the straight - line basis, with proportionate depreciation in the years of purchase and disposal. What should be the depreciation charge for the year ended 31 December 20X5?
A $68,000
B $64,000
C $61,000
D $55,000
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